Economy

The Seagate Technology PLC (NASDAQ:STX) Shares Bought by Smith Salley & Associates

The stock volatility for week was 3.75% while for month was 2.90%.The stock, as of last close, traded 8.37% to its 52 week low and was changed -36.01% from its 52 week high. The firm has "Equal-Weight" rating given on Tuesday, August 16 by Barclays Capital. The firm has "Sell" rating given on Thursday, April 14 by Citigroup.

Stock exchanges work according to the invisible hand of supply and demand, which determines the price where stocks are bought and sold. The company was maintained on Tuesday, July 25 by Stifel Nicolaus. The firm earned "Underweight" rating on Thursday, July 23 by Morgan Stanley. At the time of writing, the First Call consensus price target for the company is $30.38.

Equity analyst Evercore ISI Group initiated coverage on STX with a rating of "In-Line". The company has market cap of $724.65 million. Seagate Technology Plc had 99 analyst reports since August 4, 2015 according to SRatingsIntel.

Wbi Investments Inc increased Vail Resorts Inc (MTN) stake by 312.94% reported in 2016Q4 SEC filing. For the quarter, shares have been noted at 12.26%. Suntrust Banks Inc. now owns 55,237 shares of the data storage provider's stock valued at $2,535,000 after buying an additional 30,668 shares in the last quarter. Starbucks Corp now has $78.20B valuation. The stock declined 0.02% or $0.01 reaching $53.99 on the news. About 71,762 shares traded. It has outperformed by 80.48% the S&P500. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Also, SVP Mark Re sold 9,607 shares of the stock in a transaction that occurred on Monday, May 15th. MORTON DAVID H JR had sold 3,040 shares worth $131,510. The insider MASSARONI KENNETH M sold 7,500 shares worth $319,350.

About 250 shares traded.

Seagate Technology PLC (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, July 25th. It has outperformed by 90.46% the S&P500. The company has a market capitalization of $9.66 billion, a price-to-earnings ratio of 13.40 and a beta of 1.73. The Company's principal products are hard disk drives. It has a 26.11 P/E ratio. In addition to HDDs, it produces a range of electronic data storage products, including solid state hybrid drives, solid state drives, peripheral component interconnect express (PCIe) cards and serial advanced technology architecture (SATA) controllers.

Investors sentiment decreased to 1.05 in Q4 2016. Its down 0.04, from 1.09 in 2016Q3. Parkwood LLC acquired a new position in Seagate Technology PLC during the second quarter valued at about $315,000. 114 funds opened positions while 214 raised stakes. Brookstone Cap Mgmt owns 127,890 shares for 0.54% of their portfolio. Alps Advsrs holds 0.27% or 960,638 shares in its portfolio. Heritage Wealth Advisors invested in 0.54% or 22,748 shares. LLC raised its stake in shares of Seagate Technology PLC by 29.2% in the first quarter. Hbk Investments Ltd Partnership owns 0.03% invested in Seagate Technology PLC (NASDAQ:STX) for 77,800 shares. Adage Capital Ptnrs Gru Ltd Liability has 422,300 shares. Oxford Asset owns 0.07% invested in Seagate Technology PLC (NASDAQ:STX) for 35,958 shares. 785,275 are held by Lmm Limited Liability. Citadel Advsr Ltd Co reported 332,797 shares. Total Debt/Equity is 325.31 and the Book value per Share is 5.42. Sigma Investment Counselors Inc. purchased a new stake in shares of Seagate Technology PLC during the first quarter valued at approximately $201,000. Fruth Inv reported 0.16% stake.

Seagate Tech Ord Shs (NASDAQ:STX) now has a trailing P/E of 13.4 while its forward P/E according to Thomson Reuters is 8.35. Its down 0.07, from 1.13 in 2016Q3. It dropped, as 43 investors sold CSX Corporation shares while 320 reduced holdings. Institutional investors and hedge funds own 86.75% of the company's stock. Dana Invest Advisors accumulated 0.47% or 61,527 shares. The Hong Kong-based Point72 Asia (Hong Kong) Limited has invested 0.07% in Vail Resorts, Inc.

The total number of shares percentage held by insiders is about 11.39% while the number of Shares % held by institutions is 88.7%. Rdl Fincl reported 8,515 shares or 0.22% of all its holdings. 11,970 are owned by Sit Invest Assocs Inc. Northwestern Mutual Wealth Mgmt Co holds 0% or 406 shares in its portfolio. The stock has relative volume of 1.54. D E Shaw And Commerce reported 73,093 shares. The current consensus recommendation provided by covering analysts is 2.80. Therefore 72% are positive. Macquarie Research initiated Vail Resorts, Inc. Credit Suisse maintained the shares of PTLA in report on Monday, March 28 with "Outperform" rating. Benchmark Co. downgraded Seagate Technology PLC from a "buy" rating to a "hold" rating in a research note on Tuesday. The stock has "Outperform" rating by Wells Fargo on Thursday, October 20. Its up 8.59% from 29.60 million shares previously. The rating was downgraded by Pacific Crest to "Sector Weight" on Friday, October 16.

In related news, Director Chong Sup Park sold 3,809 shares of the stock in a transaction dated Tuesday, May 16th. As per Friday, June 9, the company rating was maintained by Bank of America. (NYSE:MTN) earned "Overweight" rating by Stephens on Thursday, March 17.

Since March 14, 2017, it had 0 insider buys, and 2 insider sales for $2.98 million activity. The total number of Outstanding Shares is 292 Million.

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